News

U.S. judge raises prospect of not approving CVS-Aetna deal

FILE PHOTO: Shoppers walk outside a CVS store and pharmacy in Medford, Massachusetts, U.S. December 4, 2017. REUTERS/Brian Snyder WASHINGTON (Reuters) – In an unusual move on Thursday, a federal judge raised the prospect of not approving CVS Health Corp’s deal to buy insurer Aetna Inc, which closed earlier this week, during…

Continue reading

News

Police spend second day searching Deutsche Bank headquarters

FRANKFURT (Reuters) – Police searched Deutsche Bank’s (DBKGn.DE) headquarters in Frankfurt for a second day on Friday over money laundering allegations linked to the Panama Papers and shares in the company fell to a record low. Police vehicles are parked in front of Deutsche Bank headquarters as roughly 170 criminal police officers,…

Continue reading

News

Oil falls as high inventories outweigh likely OPEC cuts

LONDON (Reuters) – Oil prices fell further on Friday as swelling inventories depressed sentiment despite widespread expectations that OPEC and Russia would agree some form of production cut next week. A maze of crude oil pipes and valves is pictured during a tour by the Department of Energy at the Strategic Petroleum…

Continue reading

News

Futures pare losses on Lighthizer’s trade comments

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., November 29, 2018. REUTERS/Brendan McDermid (Reuters) – U.S. stock index futures pared losses on Friday after Trade Representative Robert Lighthizer said he would be surprised if Saturday’s dinner between U.S. President Donald Trump and his…

Continue reading

News

Former GE employees say insurance risks were ignored: WSJ

The General Electric logo is pictured on working helmets during a visit at the General Electric offshore wind turbine plant in Montoir-de-Bretagne, near Saint-Nazaire, western France, November 21, 2016. REUTERS/Stephane Mahe (Reuters) – General Electric Co’s (GE.N) former employees are being questioned by federal investigators about details in a legacy insurance business…

Continue reading

News

Former Autonomy boss Lynch to fight U.S. fraud charges

LONDON (Reuters) – The United States has filed criminal charges against British entrepreneur Mike Lynch over the $11 billion sale of Autonomy to Hewlett-Packard seven years ago, accusing him of making false statements that inflated the value of the software group. FILE PHOTO: Mike Lynch, Founder and Chairman of Autonomy Corporation, poses…

Continue reading

News

Oil stages U-turn, rises after Russia leans toward output cut

LONDON (Reuters) – Oil reversed course and rose on Thursday, after industry sources said Russia had accepted the need to cut production, together with OPEC. FILE PHOTO: Oil pumps are seen after sunset outside Vaudoy-en-Brie, near Paris, France November 14, 2018. REUTERS/Christian Hartmann The price is still set for its biggest one-month…

Continue reading

News

Renault-Nissan in first crisis meeting since Ghosn arrest

Arnaud Deboeuf leaves after the Renault-Nissan-Mitsubishi alliance meeting, in Amsterdam, the Netherlands, November 29, 2018. REUTERS/Piroschka van de Wouw AMSTERDAM (Reuters) – Renault (RENA.PA) and Nissan (7201.T) “emphatically reiterated” their commitment to one another on Thursday as executives gathered for talks likely to address the future of the alliance, rocked by the…

Continue reading